Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
As of close of business last night, Centene Corp.’s stock clocked out at $72.25, down -1.11% from its previous closing price of $73.06. In other words, the price has decreased by -$1.11 from its previous closing price. On the day, 4.36 million shares were traded. CNC stock price reached its highest trading level at $73.58 during the session, while it also had its lowest trading level at $70.06.
Ratios:
To gain a deeper understanding of CNC’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.66.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stephens on March 21, 2024, Downgraded its rating to Equal-Weight and sets its target price to $85 from $92 previously.
On March 06, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $101.
Wells Fargo Upgraded its Equal Weight to Overweight on January 02, 2024, whereas the target price for the stock was revised from $82 to $90.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 13 ’24 when Robinson Lori Jean sold 10,000 shares for $77.41 per share. The transaction valued at 774,100 led to the insider holds 11,455 shares of the business.
FASOLA KENNETH J sold 12,000 shares of CNC for $900,817 on Feb 07 ’24. The President now owns 235,365 shares after completing the transaction at $75.07 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNC now has a Market Capitalization of 38556647424 and an Enterprise Value of 36995645440. As of this moment, Centene’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.35, and their Forward P/E ratio for the next fiscal year is 9.52. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 0.259 whereas that against EBITDA is 6.032.
Stock Price History:
Over the past 52 weeks, CNC has reached a high of $81.42, while it has fallen to a 52-week low of $60.83. The 50-Day Moving Average of the stock is -5.08%, while the 200-Day Moving Average is calculated to be -0.13%.
Shares Statistics:
It appears that CNC traded 3.17M shares on average per day over the past three months and 3869920 shares per day over the past ten days. A total of 534.48M shares are outstanding, with a floating share count of 528.16M. Insiders hold about 1.03% of the company’s shares, while institutions hold 95.15% stake in the company. Shares short for CNC as of 1713139200 were 7586431 with a Short Ratio of 2.39, compared to 1710460800 on 9597757. Therefore, it implies a Short% of Shares Outstanding of 7586431 and a Short% of Float of 1.6.
Earnings Estimates
Centene Corp. (CNC) is currently under the scrutiny of 17.0 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of $1.98 for the current quarter, with a high estimate of $2.22 and a low estimate of $1.8, while EPS last year was $2.1. The consensus estimate for the next quarter is $1.83, with high estimates of $2.0 and low estimates of $1.57.
Analysts are recommending an EPS of between $7.0 and $6.72 for the fiscal current year, implying an average EPS of $6.84. EPS for the following year is $7.6, with 19.0 analysts recommending between $8.0 and $7.27.
Revenue Estimates
In the current quarter, 13 analysts expect revenue to total $36.24B. It ranges from a high estimate of $37.69B to a low estimate of $35.41B. As of the current estimate, Centene Corp.’s year-ago sales were $36.47BFor the next quarter, 13 analysts are estimating revenue of $36.39B. There is a high estimate of $37.92B for the next quarter, whereas the lowest estimate is $35.62B.
A total of 14 analysts have provided revenue estimates for CNC’s current fiscal year. The highest revenue estimate was $154.41B, while the lowest revenue estimate was $145.13B, resulting in an average revenue estimate of $149.48B. In the same quarter a year ago, actual revenue was $154BBased on 14 analysts’ estimates, the company’s revenue will be $155.51B in the next fiscal year. The high estimate is $161.1B and the low estimate is $151.67B.
